Investors and residents set to benefit from new legal measures for enforcing wills in Ras Al KhaimahDecember 13th, 2016
Dubai, United Arab Emirates, 13 December 2016: For the first time ever, eligible investors and residents in Ras Al Khaimah can enforce their personal wills in accordance with their wishes, protecting their assets and their families as they see fit.
New agreements by Ras Al Khaimah and the Dubai’s DIFC Dispute Resolution Authority (DRA), allow for direct enforcement of DIFC Courts probate orders covering the wills of non-Muslim residents and investors with assets or family in Ras Al Khaimah. Wills must have been registered with the DIFC Wills and Probate Registry and probate must have been granted by the DIFC Courts.
Three new co-operation agreements covering economic assets and property have been signed with the Municipality Department of the Government of Ras Al Khaimah, the Department of Economic Development, and the Ras Al Khaimah Investment Authority. They will allow executors to efficiently distribute the assets to beneficiaries, subject to enforcement orders issued by Courts of Ras Al Khaimah.
Chancellor Ahmed Mohammed Al Khatri, Chairman of RAK Courts Department said: “As more people are choosing to set up businesses, work and live in Ras Al Khaimah, using the successful DIFC Wills and Probate Registry system will increase their confidence and commitment, allowing them to put down roots and build happy lives and thriving businesses.”
DIFC Wills & Probate Registry is an initiative of the Dubai government, now extended to Ras Al Khaimah. WPR gives effect to the freedom provided by UAE Personal Status Law which allows non-Muslims the chance to choose what happens to their assets in a simple, secure and confidential process – enabling them to take care of tomorrow.
Sean Hird, Director, DIFC Wills & Probate Registry said, “We look forward to extending our popular five-star service to the growing number of investors and residents in Ras Al Khaimah. By registering a will with us, businesspeople, homeowners and families can be confident that their assets and children will be safeguarded for the future.”
To register your will, visit: www.difcwills.ae
About the agreements between Ras Al Khaimah Government entities and the DRA, covering the DIFC Wills and Probate Registry
DIFC Wills and Probate Registry services are extended to Ras Al Khaimah through five agreements:
1. Framework MOU Agreement to promote cooperation to support Ras Al Khaimah’s position as a preeminent hub for investment and establish cooperation between the Ras Al Khaimah Executive Council, the Judicial Council, the Ras Al Khaimah Courts and the DRA
2. Agreement on Judicial Co-operation between the Executive Council, the Judicial Council, the Ras Al Khaimah Courts and the DIFC Courts
3. MOU between the Department of Economic Development of the Government of Ras Al Khaimah and DIFC Dispute Resolution Authority, for the purpose of enhancing efficient enforcement of DIFC Courts judgments and Probate orders
4. MOU between the Municipality Department of the Government of Ras Al Khaimah and DIFC Dispute Resolution Authority for the purpose of enhancing efficient enforcement of DIFC Courts judgments and Probate orders
5. MOU between RAK Free Trade Zone Authority, RAK Investment Authority, RAK International Corporate Centre and DIFC Dispute Resolution Authority for the purpose of enhancing efficient enforcement of DIFC Courts judgments and Probate orders
About DIFC Wills and Probate Registry
The DIFC Wills and Probate Registry (WPR), a public entity of the Dubai Government, is an ancillary body of DIFC’s Dispute Resolution Authority (DRA) established by Resolution No. 4 of 2014 issued by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the President of the Dubai International Financial Centre (DIFC). The Registry is established under the jurisdiction of the DIFC Courts, allowing it to operate as a distinct entity.
The WPR provides legislative certainty that a person’s Dubai-based assets will be distributed as set out in their registered wills. The rules governing the WPR reflect the spirit of UAE laws that respect the cultural and religious diversity of people working and living in the country. In accordance with the rules, the WPR scope extends to estates located in the Emirate of Dubai and owned by both non-Muslim residents and non-residents. The DIFC is the first jurisdiction in the MENA region where one can register an English language will under internationally-recognised common law. To register your will, visit www.difcwills.ae